The repair of the Forties pipeline has enabled BP to resume production from three North Sea fields from which oil and gas is transported to the United Kingdom.
The Bruce, Keith and Rhum fields are all operated by BP will transfer to Serica Energy in mid-2018 as part of a sale and purchase agreement.
Serica has acquired BP’s interests in the Bruce (36%), Keith (34.83%) and Rhum (50%) fields, with BP retaining 1% of Bruce. The deal was effective from January 1, 2018 and completion of the acquisition is expected in mid-2018.
Serica said that following completion of repair works on the Forties pipeline early in the new year, had informed it that production had resumed.
Discovered in 1974, the Bruce Field began production in 1993. Keith was tied back to Bruce in 2000 and Rhum, 40 kilometres to the north of Bruce, was brought into production in 2005.